TIAA Trust National Association Has $30.37 Million Stock Position in The Boeing Company $BA

TIAA Trust National Association lifted its stake in The Boeing Company (NYSE:BA) by 10.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,962 shares of the aircraft producer’s stock after purchasing an additional 13,814 shares during the period. TIAA Trust National Association’s holdings in Boeing were worth $30,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Boeing by 248.2% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,793 shares of the aircraft producer’s stock valued at $376,000 after purchasing an additional 1,278 shares during the last quarter. Strategic Financial Concepts LLC grew its position in shares of Boeing by 80.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,351 shares of the aircraft producer’s stock worth $493,000 after buying an additional 1,050 shares during the period. Saxony Capital Management LLC acquired a new position in shares of Boeing during the 2nd quarter worth about $264,000. AlphaStar Capital Management LLC bought a new stake in shares of Boeing in the 2nd quarter valued at about $393,000. Finally, Haven Private LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at approximately $278,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BA. Bank of America lifted their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and increased their target price for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Zacks Research cut shares of Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $242.79.

Boeing Stock Up 0.6%

Boeing stock opened at $201.24 on Friday. The stock has a market capitalization of $152.17 billion, a PE ratio of -14.71 and a beta of 1.47. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The company has a 50 day moving average of $220.17 and a 200-day moving average of $212.77.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($10.44) EPS. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is currently owned by corporate insiders.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.